Work is progressing on three new state-of-the-art industrial and manufacturing units at Dunsbury Park, Havant.
The cladding and fit out of the units, which total 77,000 sq ft, is underway and occupiers should be able to move into the space early next year.
The buildings sit in the Solent Freeport area and occupiers benefit from a generous package of tax incentives including business rates relief for five years, 100% capital allowance on plant and machinery, no stamp duty tax on leases and relief from employers National Insurance for three years.
Dunsbury Park is close to Portsmouth International Port and the three new units at the Portsmouth City Council-owned site are targeting BREEAM Excellent.
James Haestier, director in Colliers’ industrial and logistics team who is letting the units alongside LSH, said: “It’s great to see new stock coming into a market where there is shortage in supply. We’re confident that as these new units take shape, many occupiers will be seeking secure, adaptable, and high-quality industrial and manufacturing space, with freeport tax incentives in this prime south coast location. These Grade A units are the first facilities of their kind to be built within the Solent Freeport cluster, so future occupiers will benefit from a generous government package of financial incentives as well as high environmental standards.”
Councillor Steve Pitt, cabinet member for culture, leisure and economic development at Portsmouth City Council, added: “Dunsbury Park is a thriving and growing site, unlocking unique opportunities for businesses as part of the Solent Freeport cluster working alongside our customs site at Portsmouth International Port. It creates thousands of new jobs and training opportunities and generates millions of pounds of income for council services. We look forward to welcoming more innovative businesses who are looking to position themselves within a Freeport area.”
Alongside the three new units, which range from 18,965 sq ft to 32,507 sq ft, the site can offer build-to-suit units from 20,000 to 200,000 sq ft.
